Wells Fargo Uses Arbitration to Hide Sham Settlements

Wells Fargo recently became the center of attention when it came to light the company’s employees were creating sham accounts using its customers’ personal information. But now the company is using private arbitration to bury settlements from the public eye.

U.S. Supreme Court Hears City’s Case Against Predatory Lending.

 
When banks lenders charge more to people of color, who is hurt? The individual, obviously, but what about the city? The U.S. Supreme Court has taken up the question and will soon decide whether a city has the authority to sue for predatory lending under the Fair Housing Act.

Wells Fargo Pays Biggest Fine Ever to CFPB for Setting Up Fraudulent Accounts

Imagine discovering that your bank has been moving your funds into a bank account you never authorized. Or worse, a credit card account. Wells Fargo is under the Consumer Financial Protection Bureau’s microscope after its community banking division was caught opening fraudulent accounts at its customers’ expense.